Compare Bitcoin Brokers

Find the best bitcoin brokers, right here.

When it comes to bitcoin trading, you need a cryptocurrency broker you can trust. We've compared all your options to help you make the right choice.

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What should I look for in a bitcoin broker?

Different brokerages vary on many things, from the amount of commission they charge on trades to the payment methods they will accept, and the speed at which they process transactions. Our comparisons will help you find the best, fastest, and most secure bitcoin brokers out there.

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The leading bitcoin brokerage platforms in the UK.


These are the most trusted names in trading bitcoin, have a look at our tailored reviews to find the most reliable trading sites.

1
£2
BTC
ETH
LTC
BCH
  • Easy to buy and sell
  • Takes few minutes to start
  • Insurance protected
2
£60
BTC
ETH
LTC
XRP
BCH
ADA
QTUM
ETC
  • Global coverage
  • Buy with credit card
  • Safe and secure trading
3
-
BTC
ETH
LTC
XRP
  • Multiple payment methods
  • Quick sell and quick buy
  • Trade cryptocurrency in 248 countries
4
-
BTC
ETH
LTC
XRP
DASH
BCH
KMD
MIOTA
CRYPTO
  • Easy and convenient
  • Many different cryptocurrencies
  • Can both buy and sell coins
5
£0.5
BTC
ETH
LTC
XRP
XEM
BCH
QTUM
ETC
KMD
  • Simple and friendly
  • Accept credit cards
  • Fair, fast and trusty
6
£2
BTC
ETH
DASH
XEM
  • Can buy and sell a range of cryptos
  • Easy to use interface
  • Good security features
7
-
BTC
  • Convert bitcoin to fiat currencies
  • Many fund withdrawal methods
  • Offering a virtual or plastic card
8
£1
BTC
  • Instantly buy bitcoin
  • Load a prepaid card with funds
  • Store bitcoin in a secure wallet
These are highly volatile investment products. Your capital is at risk.

Should I use a broker to buy and sell bitcoin?


Advantages

  • Brokers make buying bitcoin easier, particularly for new investors
  • They offer more protection from short term fluctuations in the value of bitcoin
  • Trading through a broker is faster than signing up to a coin exchange
  • Brokerages usually have helpful customer service
  • You typically have a wide range of payment options

Drawbacks

  • Brokerages aren't regulated
  • During times of high demand, brokers sometimes cannot fulfil orders
  • Prices are likely to be higher than on exchanges because they include brokers' fees

Frequent questions.


Can I transfer from a bitcoin brokerage to my PayPal account?

Bitcoin brokerages tend not to accept PayPal. This because PayPal has in the past been used for cryptocurrency chargeback scams. If you want to find a broker that accepts PayPal, then LocalBitcoins is the best place to look. It is a platform that connects you to different sellers and you can search for an option that allows you to pay with PayPal.

Are bitcoin brokers available 24/7?

You’ll be able to buy bitcoin through a brokerage at any time through their website. However, customer service may be limited to office hours, especially if the transfer is handled manually. Check the brokerage and learn about their working hours.

Can I use other cryptocurrencies to buy bitcoin through a brokerage?

No, this isn’t usually possible. You can sometimes pay with bitcoin for other cryptocurrencies through a brokerage, but not the other way round. The majority of bitcoin brokerages will only accept payment via fiat currency.

Can I use multiple brokerages?

Yes, you can – it’s your choice. The main reason you would do this is if one brokerage had a better deal on bitcoins and the other was more attractive for litecoins or another cryptocurrency. Signing up to a brokerage doesn’t prevent you from using any others.

Are bitcoin brokerages legal?

Yes, in the UK bitcoin brokerages are legal. However, this may not be the case in all countries, so check the legal status of brokerages in your home country before buying bitcoin through one.

Are bitcoin brokerages regulated?

No, bitcoin brokerages do not have to be regulated by a financial authority. This means that you have to be extra careful with the choice you make. Only go with the reputable brokerages that we have reviewed.

Do I have to pay tax on the profits I make on my coins through a brokerage?

In the UK cryptocurrencies are classed as an asset. This means you have to pay capital gains tax of between 10 and 28% (depending on your income) on any money made over £11,700 a year. In other countries this varies, especially depending on whether bitcoin is legal or not. Check the tax requirements of bitcoin in your country before initiating any transaction.

What are the differences between exchanges, brokerages, and CFD platforms?

This is explained fully on our page about buying bitcoin, so for detailed information it’s good to head there. But to give a quick summary: an exchange enables you to buy and trade a range of cryptocurrencies, a brokerage is a company that acts as a middleman to buy and sell bitcoin for you at a fixed price, and a CFD (contract for difference) platform allows you to trade against the value of bitcoin without actually owning the coins.

Can brokerages hold my coins for me?

Brokerages such as Coinbase usually have an integrated wallet where you can keep your bitcoins, but that’s not the case with most other brokerages out there. Most will transfer coins straight to your wallet rather than hold them for you. If you want to keep your coins on the platform where you buy them, then it’s best to look for an exchange.

Are there minimum/maximum amounts I can buy from a brokerage?

This will depend on the brokerage. Commonly there are lower limits between £50 and £100 per transaction and daily limits tend to be in the £1000s and monthly limits in the £10,000s. You can, however get much higher limits, and if you’re looking for somewhere to buy a very large amount of bitcoin at a time, you definitely want a brokerage over an exchange. Limits can also depend on your verification status, as some brokerages will allow you to buy a much smaller amount if you refuse to provide ID.

Can I access my full trading history with a brokerage?

Yes, you’ll be able to see all the transactions you have made through your brokerage account. You will see the completed transfers and pending ones if you have made any recent purchases.

How to trade bitcoin using a brokerage in 2018.


What is a bitcoin brokerage?

A bitcoin brokerage is a middleman for buying and selling bitcoin. In the same way that you’d use a bureau de change at an airport to exchange your currency to another, a brokerage is a company that will buy and sell bitcoin at a fixed price. Bitcoin brokerages are also the only option that allows you to buy a very large amount of bitcoin at a time (for instance if you want to invest £50,000 or more). We have all the information you need to understand bitcoin brokerages right here.

How do bitcoin brokerages work?

Bitcoin brokerages handle your bitcoin trades on your behalf. If you want to buy a certain amount of bitcoin they’ll have a set price at which you can buy. Once you make the payments, they’ll then transfer the coins straight to your bitcoin wallet. Often brokerages will also help you through any extra steps, such as setting up a wallet to store your bitcoins.

How do I use a bitcoin brokerage?

It’s simple. Just go to the brokerages site and it will have the current rate at which they’re selling bitcoin displayed. If you’re happy with the price then set up an account, select how much you want to buy, then enter your payment details and your wallet address and they’ll transfer you the coins.

What should I look for in a bitcoin brokerage?

Design and ease of use

The purpose of a brokerage is to make the process of buying bitcoin easier. You want to make sure the site is designed in such a way as to make it as simple as possible for you to navigate through and make your purchase.

Price

Different brokerages will charge a different amount for buying bitcoin, as any commission charged by a platform will be included in the price listed. To find the best rate it’s a good idea to compare multiple brokerages.

Payment charges

You want to make sure you’re getting a good deal on your purchase. Depending on the platform and your chosen payment method, there will often be fees of 1% to 5% of the purchase amount, with credit card being the most expensive option.

Reputation

As bitcoin brokerages aren’t officially regulated, the reputation of a site is a good indicator of how reliable they are. You will want to be sure you are sending your money to a company that will not disappear with your cash. There are many platforms that have been around for a while and have good reputations. Some of the common options you should consider include eToro and Coinmama.

Variety of coins

If you want to buy more than just bitcoin, you can find brokerages with a range of cryptos. Brokerages will usually offer all the top coins, and will often be more than happy to assist you in buying any coin you want if you give them a call.

Do I have to verify my identity?

Yes, you have to verify your identity to register with a bitcoin brokerage. Usually you’ll have to provide proof of your ID (such as a passport and a driving license) and address (such as a utility bill or bank statement). Typically you’ll have to provide a selfie of you holding your photo ID to prove it’s yours.

So what’s the difference between a bitcoin brokerage and an exchange?

On a Bitcoin exchange you buy bitcoin directly from other people, whereas with a brokerage you’re buying them from the platform. Exchanges are much more complicated to use as they have cryptocurrency price charts and constantly refreshing order lists. A brokerage handles the whole process for you and provides a fixed price. It’s like having a travel agent book your holiday instead of doing all of it yourself.

Do bitcoin brokerages charge commission or fees for buying bitcoin?

Yes, but these are included in the price displayed. The price advertised is the pace you pay, without any percentage commission being added when you’re entering your details. The only additional fees will be if a platform charges a fee for specific payment methods (e.g. credit cards).

How long do transfers take?

This depends on the brokerage you use and how busy the Bitcoin blockchain is at that point. But usually once you have transferred the money your bitcoins will be with you immediately or within a few hours.

Can I buy multiple cryptocurrencies through a bitcoin brokerage?

Yes, most brokerages sell a variety of cryptocurrencies, including the major coins such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple. The advantage of using an expert brokerage is that they can usually find a way to get you any coin you want.

Do I need a wallet to use a bitcoin brokerage?

Yes, to use a brokerage you will need a wallet to which they can send your coins. A few, such as Coinbse, have wallets integrated onto their platform to hold bitcoins in your account, but the majority will require you to provide a wallet address to deliver the bitcoins to. Brokerages will also commonly offer to set up your wallet for you if you’d rather have it done by someone more experienced with cryptocurrency.

What are the advantages of using a bitcoin brokerage?

The main advantage of brokerages is that they make the process of buying bitcoin easier. You don’t have to understand how trading pairs work or be able to read financial charts in order to buy bitcoin. They take away all the hassle of having to deal with an exchange, and you also benefit from reliable prices, as the price quoted with a brokerage includes any commission they charge.

And what are the drawbacks?

It tends to be more expensive to buy bitcoin from a brokerage as opposed to an exchange.This is because the price you pay for your coins includes any commission the brokerage charges. Brokerage transactions also tend to be slower than on exchanges and CFD platforms, especially considering that the transfer is often done manually upon approval. Brokerages also don’t have to be regulated, so make sure you’re using a reliable platform (you’ll find many of these through our reviews).

Should I use a bitcoin brokerage?

Well, it depends. If you’re willing to pay slightly more for your bitcoins in order to make the process of getting them more hassle free, then a brokerage is a good option. If you have little to no experience with cryptocurrencies, then brokerages make the whole process easy and are a great way to invest in cryptocurrency.

Where can I find the best bitcoin brokerages?

Right here. We have reviewed all the best and most reliable brokerages out there to help you find the right one for you. Have a read through our reviews and see what you think of the individual options.

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